Citi Opens Securities Lending Desk in Dublin

Citi Opens Securities Lending Desk in Dublin
And Expands Award Winning OpenLend^SM Trading Coverage
Business Wire
DUBLIN & LONDON -- November 14, 2012
Citi has opened a securities lending trading desk in Dublin as part of its
commitment to expand its OpenLend capabilities in key cities and regions
around the globe. The Dublin desk will form part of an expanded EMEA (Europe,
Middle-East and Africa) securities lending trading team that covers Global
Equity lending, Global Fixed Income lending and multi-currency cash
reinvestment. The combined (London and Dublin) EMEA trading desk will continue
to be run by Gareth Mitchell,EMEA Head of Securities Finance Trading, who has
over 26 years of industry experience. As part of this expansion, Gareth has
relocated from London to Dublin.
David Martocci, Global Head of Securities Finance, Citi, said: “By expanding
our existing OpenLend capabilities to include a securities lending trading
desk in Dublin, we are leveraging the importance of Ireland as a center of
excellence for financial services. We look forward to continuing to provide
customized securities lending solutions to our clients that draw upon our
global network and trading expertise across all asset classes. The addition of
this new trading desk will add significant value to our already successful
Securities and Fund Services franchise in Ireland.”
OpenLend is an open architecture securities lending solution that leverages
Citi’s global presence, robust risk management controls and innovative trading
strategies to help clients achieve their performance objectives. OpenLend is
part of Citi’s OpenInvestor investment services solution for today’s
diversified investor, combining specialized expertise, comprehensive
capabilities and the power of Citi’s global network to help clients meet
performance objectives across asset classes, strategies, and geographies.
Citi OpenInvestor provides institutional, alternative and wealth managers with
middle office, fund services, custody, investing and financing solutions that
are focused on their specific challenges and customized to their individual
needs. For more information, visit openinvestor.transactionservices.citi.com
Citi has had a presence in Ireland since 1965 and was one of the first foreign
banks to open an office in Ireland. The company now employs over 2,200 people
in Dublin and Waterford. The company offers a broad range of financial
services and products and also operates the Citi Service Centre. In addition
to Transaction Services, the company offers Corporate and Investment Banking
services and Global Markets products.
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About Citi
Citi, the leading global financial services company, has approximately 200
million customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments and
institutions with a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About Citi Transaction Services
Citi Transaction Services, a division of Citi’s Institutional Clients Group,
offers integrated cash management, trade, and securities and fund services to
multinational corporations, financial institutions and public sector
organizations around the world. With a network that spans more than 95
countries, Citi’s Transaction Services supports over 65,000 clients. As of the
third quarter of 2012, it held on average $415 billion in liability balances
and $12.8 trillion in assets under custody
Contact:
Media Contacts
Dublin: Tara O'Reilly
Tel: +353 1 622 6001
Email: tara.oreilly@citi.com
or
London: Capucine Boncenne
Tel: +44 20 7508 9355
Email: capucine.boncenne@citi.com